Swynn Plastics Company reports the following data in its September 2020 financial statements: Net sales: $225,000 Gross profit: $100,000 Current assets: $50,000 Long-term assets: $130,000 Current liabilities: $33,000 Long-term liabilities: $52,000

1. Calculate the following financial ratios. Please show your calculations. Gross profit ratio Owner's equity Current ratio Debt to equity ratio

2. Interpret what each ratio means, i.e., what does it tell the managers of Swynn Plastics Company. Explain.